The story involving Pi Network and the allegations from Bybit CEO Ben Zhou has developed further with an official response from Pi Network, clarifying the situation and focusing on user protection against scams.
The Start of the Controversy
Ben Zhou, who leads the major cryptocurrency exchange Bybit, expressed concerns about Pi Network, referring to a social media post about a Chinese police warning against the project. However, Zhou’s statement coincided with a challenging period for Bybit, which experienced a large data breach on February 21st.
Pi Network's Official Response
Pi Network quickly clarified that the police report Zhou mentioned was actually about scammers impersonating their project. The project emphasized no contact with Chinese authorities and condemned any attempts to deceive people under their name. They also highlighted several key points about their relationship with Bybit, asserting no connections and not supporting negative commentary against Bybit.
New Safety Guidelines
In response to the recent allegations, Pi Network issued a new safety guide for its users. It emphasizes verifying official communication channels, caution against unofficial platforms, and guidelines for identifying legitimate messages from Pi Network.
Despite ongoing questions about Pi Network, their professional response and active measures to protect users demonstrate a commitment to maintaining trust and advancing confidently.
